Approx 14.94 Mn sq. ft. new office space was infused in Hyderabad in FY23 accounting for 31% total share among top 7 cities while Bengaluru saw new completion of 12.66 Mn sq. ft. with 26% share
The office sector continued to drive the investment inflows accounting for 55% of the total inflows during the quarter, followed by the residential sector at 22% share. Investment inflows in the office sector rose by 41% YoY at $0.9 billion, led by select large deals.
Baiyappanahalli-Whitefield Metro Project is estimated to push the rental prices of office spaces in Whitefield, along with occupier demand, macroeconomic factors, and more
The leasing agreement includes a clause prohibiting rivals Alphabet, Amazon, Baidu, Facebook, Huawei, Microsoft, Netflix, Samsung, Spotify, Tencent, and Xiaomi from leasing space in the building as well
